Comparative RS Bearish Divergence

This scanner will identify stocks with a bearish divergence within Nifty 50, where the stock's price forms higher highs, but its Relative Strength (compared to Nifty 50) forms lower lows, indicating bearish bias. You can refer to the following links to know more: Video: https://youtu.be/kDIxVIw_RF4 Blog: https://tinyurl.com/relative-strength

Conditions

Period max(20, High(-1) ) higher than Period max(20, High(-21) ) and Period max(20, High(-1) / Symbol(INDICES_NIFTY 50, High(-1) ) ) lower than Period max(20, High(-21) / Symbol(INDICES_NIFTY 50, High(-21) ) )

stocks

• NSE

  APOLLOHOSP

• NSE

  AXISBANK

• NSE

  BAJFINANCE

• NSE

  BAJAJFINSV

• NSE

  BPCL

• NSE

  BHARTIARTL

• NSE

  CIPLA

• NSE

  DIVISLAB

• NSE

  DRREDDY

• NSE

  EICHERMOT

• NSE

  GRASIM

• NSE

  HEROMOTOCO

• NSE

  HINDUNILVR

• NSE

  ICICIBANK

• NSE

  ITC

• NSE

  INDUSINDBK

• NSE

  INFY

• NSE

  M&M

• NSE

  ONGC

• NSE

  SUNPHARMA

• NSE

  TECHM

• NSE

  TITAN

• NSE

  UPL